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Deloitte IFRS seminar in the Middle East

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01 Oct 2012

At the Deloitte hosted forum “Global IFRS Forum and Master Class 2012” in Dubai, global leaders from the Middle East were updated on the latest developments in IFRS.

The forum included discussions on changes implemented by  IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IFRS 13 Fair Value Measurement; IFRS 9 Financial Instruments and the financial instruments project; and the exposure drafts on leases and revenue recognition. The modifications to these standards are expected to “change the international financial reporting landscape in a dramatic manner.”

Additionally, Deloitte IFRS experts, Veronica Poole (Global IFRS Leader Technical) and Andrew Spooner (Partner, IFRS Centre of Excellence, UK) discussed IASB and FASB convergence issues such as those regarding financial instruments project, the implications of the US SEC Staff report, and the IASB unfinished agenda under the “MoU” with the FASB.

This forum is part of a series of Deloitte IFRS seminars in the Middle East to address these ongoing changes to IFRS.

The press release is available on Deloitte.com.

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